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>Pre-decision polls have Nays leading Ayes by a good 12% and PM has slowly
>acknowledged futility of the join.
>
>Danish pride won't trade in strength for weakness and loss of control.
>
>Euro's not becoming Denmark's currency - yet.
He-he. That's not particularly a bull's eye of a set
of comments viewed from here in Denmark.
1) The Danish krone is already pegged to the Euro,
and floats with respect to it in a +/- 2.25% band.
Here's the link to the official document:
http://www.ecb.int/press/pr981231_3.htm
2) The election is ultimately about the retention
of a national symbol. A "NO" vote is isolationistic,
and hence also a rejection of American-sponsored
globalisation trends to a certain extent, whereas a
"YES" vote is a confirmation that the process of
political integration in Europe can move forward.
Neither of the possible outcomes of the election
are an explicit confirmation of America's current
position in the world. Nor is the election about
pegging the currency to the Euro - since that
already happened quite some time ago.
3) Tell me more about this 12% lead. I've
never heard that one. In fact, what I hear over
here is that the trend turned towards the "YES"
camp this last weekend.
4) As far as trading in strength for weakness
and loss of control - well, avoiding doing that
is precisely what is being evaluated. The safety
of strength in numbers versus a time-honoured
symbol of national identity. It's not a pleasant
choice for an individual voter to have to make.
Kind of hits you right in the gut either way.
You see, small countries sometimes see
strength in being a part of a crowd rather
than standing alone against the super-large
bullies out there.
5) Yes - the population here is right around
5.5 million.
Hugh (in Aarhus, Denmark)
>
>> Is this low euro a sweetner by its neighbors to come on board at an
>attractive price with the reward an instant currency gain on a post vote
>rebound?
>
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